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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $58. The current price is $61.75 per share

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Keira Mfg. is considering a rights offer. The company has determined that the ex-rights price would be $58. The current price is $61.75 per share and there are 7 million shares outstanding. The rights offer would raise a total of $24,500,000. How many rights are required to get a new share? Round your answer to the nearest integer. Enter your answer below. 8 Correct response: 8 a Given that 8 rights are needed to get a new share, what is the subscription price (the price for a new share)? Round your answer to 2 decimal places. Enter your answer below. Number Section Attempt 1 of 1 Verify

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